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Tag: 5 per cent Trust Fund for

House of Reps pass Petroleum...

Story from Kenneth AFOR, Lagos The long-awaited Petroleum...

House of Reps pass Petroleum Industry Bill, pegs 5% for host community trust fund

Story from Kenneth AFOR, Lagos The long-awaited Petroleum Industry Bill (PIB) has been passed by Nigeria's House of Representatives, approving a 5 per cent trust fund for oil-producing communities. This is coming barely 24 hours after the green chamber received the report on the bill. The bill scaled the final stage on Thursday after Mohammed Monguno, chairman of the ad hoc committee on Petroleum Industry Bill (PIB), presented a report and the lawmakers voted on 319 clauses of the bill. Before the bill was passed Monguno noted that the ninth house would have...
Fatima Gimba -
House of Representatives

House of Reps...

Story from Kenneth AFOR, Lagos The long-awaited Petroleum Industry Bill (PIB) has been passed by Nigeria's House of Representatives, approving a 5 per cent trust...
Fatima Gimba -
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